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Outstanding dues of discoms up 47 per cent in June 2020

Obra

Stress in the power distribution sector is evident from the fact that the total outstanding amount payable by state government-owned distribution companies to power generators rose 47 per cent year-on-year in June 2020.

According to the PRAAPTI portal of the ministry of power, the total amount payable by discoms as of end-June 2020 stood at Rs.133,342 crore. This includes both dues that are outstanding and those that are overdue. Generators usually give a credit period of six months for payment, from the date of presenting the invoice. Any payment delayed beyond six months is considered “overdue” and generating companies are permitted to levy interest on such delayed payment.

Table 1: Discoms Payment Performance
(Rs.crore)
June 2020 June 2019 % chg
No. of overdue invoices 17,118 11,382 50.4
Overdue amount at month-start 113,869 66,137 72.2
Total amount billed to discoms 14,332 18,719 -23.4
Amount paid by discoms against overdue (A) 6,518 7,819 -16.6
Amount paid by discoms against outstanding (B) 1,557 5,574 -72.1
Total paid by discom (A+B) 8,075 13,393 -39.7
Overdue amount at month-end (C) 119,916 72,362 65.7
Outstanding amount at month-end (D) 13,426 18,293 -26.6
Total amount due at month-end (C+D) 133,342 90,655 47.1
Source: PRAAPTI Portal

PRAAPTI, an acronym for Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators, is an online service (www.praapti.in) launched by the Union power ministry in May 2018.

Table 2: Summary of dues by discoms: end-June 2020
(Rs.crore)
Overdue Outstanding Total % share
Central PSUs 43,789 8,957 52,746 39.6
State gencos 24,261 1,116 25,377 19.0
IPPs 41,754 2,516 44,270 33.2
RE Players 10,111 837 10,948 8.2
Total 119,916 13,426 133,342 100.0

Here are highlights for the month of June 2020, the latest data released:

 

 

 

 

 

 

Featured photograph showing aerial view of the state government-owned Obra-C thermal power plant in Uttar Pradesh is for illustration only.

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